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CONTRACTLAWOFP.R.CHINA



AdoptedandPromulgatedbytheSecondSessionoftheNinthNationalPeople‘sCongressonMarch15,1999.
Translated&CompiledbyJohnJiang&HenryLiu
GENERALPRINCIPLES
ChapterOne:GeneralProvisions
Article1Purpose
ThisLawisformulatedinordertoprotectthelawfulrightsandinterestsofcontractparties,tosafeguardsocialandeconomicorder,andtopromotesocialistmodernization.
Article2DefinitionofContract;Exclusions
ForpurposesofthisLaw,acontractisanagreementbetweennaturalpersons,legalpersonsorotherorganizationswithequalstanding,forthepurposeofestablishing,altering,ordischargingarelationshipofcivilrightsandobligations.
Anagreementconcerninganypersonalrelationshipsuchasmarriage,adoption,guardianship,etc.shallbegovernedbyotherapplicablelaws.
Article3EqualStandingofParties
Contractpartiesenjoyequallegalstandingandneitherpartymayimposeitswillontheotherparty.
Article4RighttoEnterintoContractVoluntarily
Apartyisentitledtoenterintoacontractvoluntarilyunderthelaw,andnoentityorindividualmayunlawfullyinterferewithsuchright.
Article5Fairness
Thepartiesshallabidebytheprincipleoffairnessinprescribingtheirrespectiverightsandobligations.
Article6GoodFaith
Thepartiesshallabidebytheprincipleofgoodfaithinexercisingtheirrightsandperformingtheirobligations.
Article7Legality
Inconcludingorperformingacontract,thepartiesshallabidebytherelevantlawsandadministrativeregulations,aswellasobservesocialethics,andmaynotdisruptsocialandeconomicorderorharmthepublicinterests.
Article8BindingEffect;LegalProtection
Alawfullyformedcontractislegallybindingontheparties.Thepartiesshallperformtheirrespectiveobligationsinaccordancewiththecontract,andneitherpartymayarbitrarilyamendorterminatethecontract.
Alawfullyformedcontractisprotectedbylaw.
ChapterTwo:FormationofContracts
Article9Capacity;ContractthroughAgent
Inenteringintoacontract,thepartiesshallhavetheappropriatecapacitiesforcivilrightsandcivilacts.
Apartymayappointanagenttoenterintoacontractonitsbehalfunderthelaw.
Article10FormsofContract;WritingRequirement
Ac